Hollywood's TV and film writers are expected to offer a package of proposals to their studio bosses in a bid to avert a looming strike. The Alliance of Motion Picture and Television Producers said in a statement last night that the Writers Guild...
Apple fanatics are snapping up copies of the computer maker's newest operating system, Mac OS X Leopard. The company announced yesterday that the software - a hit with critics that boasts improved back-up, home networking, search and organization...
Despite nearly sinking his listing ship, Stan O'Neal walks away with close to $162 million - but loses the corporate jet and and gun-toting chauffeurs. The deposed head of Merrill Lynch gets to "retire" instead of being fired, and can start...
Merrill Lynch finally made it official yesterday, sending Chief Executive Stan O'Neal off to a hastily arranged "early retirement." However, the firm's failure to quickly name a successor, rumored to be BlackRock CEO Larry Fink, has Wall Street...
A white shoe New York hedge fund has invested in a Chinese copper company whose management has an eye-popping history of stock problems and regulatory woes. Ospraie Management, a $7 billion New York hedge fund run by Tiger Management veteran...
Verizon-Google Google is in talks with Verizon to work to gether on mobile-phone software and services, a person with knowledge of the discussions said. Google may build its own operating system software or applications for phones, according to the...
Crude oil fell more than $3 from a record after Goldman Sachs told clients it's "time to take profits." "When the lead bull takes a pause, you have to expect the herd to turn," said Michael Lynch, president of Strategic Energy & Economic Research...
The dollar traded close to a record low against the euro yesterday as traders bet the Federal Reserve will lower its benchmark interest rate by a quarter-percentage point, dimming the allure of the U.S. currency. The dollar was also near a 26-year...
BOCA RATON, Fla. - Newsweek Chairman, CEO and Editor-in-Chief Rick Smith was waxing poetic earlier this week, hinting that some big news was coming. Yesterday, the company unleashed a sweeping shake-up that made former Viacom executive Thomas E...
ZURICH, Switzerland - UBS AG swung to a third-quarter net loss yesterday, largely as a result of bad investments in U.S. subprime mortgages, and said the problems aren't over. UBS had a third-quarter loss of 830 million Swiss francs ($712 million)...
Sirius Satellite Radio Inc., the pay-radio company buying larger rival XM Satellite Radio Holdings Inc., reported third-quarter sales that missed analysts' estimates, sending both stocks lower. Sirius, home to Howard Stern and Nascar auto racing...
IT may all be a trick or maybe it will be New Jersey's treat, but Colgate-Palmolive Co. could be pretending to wash its hands of the majority of its 300 Park Ave. headquarters. Or not. A group headed by Tishman Speyer Properties now owns its...
Applebee's International Inc. shareholders voted to approve the $2.1 billion purchase of the casual dining chain by pancake restaurant owner Ihop Corp. The Applebee's vote in Overland Park, Kansas, clears the way for the transaction to be...
THE Securities & Exchange Commission is looking into whether Goldman Sachs cheated its way to enormous profits - even as the rest of the financial industry was suffering through a massive downturn. The central issue, as best I can determine, is...
